Legal and General has launched a de-risking service that combines a buy-in or buyout with a property-backed payment structure.
The service enables sponsoring employers to effectively defer part of the payment for a transaction by putting company property into a vehicle that will deliver a fixed stream of payments to the insurer....
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.